Transcripts For FBC Cavuto Coast To Coast 20240713

He said he wasnt going to run but the reality was he was not closing that possibility. Where are we from there, from here . About that much closer. He filed in alabama, because there was filing deadline the last state. Stuart that tipped his hand. Didnt mean he was jumping in, but some of the things you have to do . Some of the things he has to do. He still my not run. That doesnt mean he is definitely running. We do know, the stuff weve been reporting, he is dismayed by the fact that the party is being taken over by the radical left. You know, it has gone way beyond anything that, remember Hillary Clinton started running to the left when she was faced with a pry mary challenge in 2016 from Bernie Sanders. The party, nominal frontrunner is Elizabeth Warren who is so far to the left of Hillary Clinton the party will be unrecognizable. They believe, not only if she does become the nominee, looks increasingly likely biden is fading a little bit. If thee becomes the nominee, she would lose to trump, if could win, she would hurt the economy. She is proposing numbers that dont add up. Say what you want about donald trump, tax cuts, deregulation. Tax cut may lead to deficits but they spur the economy. They are part and parcel of capitalism. What she is doing upending of the capitalist system. Many mainstream democrats who are business people, youve been hearing it, gates, jamie dimon. Neil distinguishing in his case, the bloombergs case the others are complaining, with bill gates, pay 20 billion, 10 billion in taxes but dont want to pay a hundred billion, leon cooperman and a lot of people, we do a lot of good, i give a lot to philanthropy. Paul tudor jones, comes out, the somebody like Elizabeth Warren gets elected, the market will crash, bloomberg carried to the next level. Im wondering in the case of wall street whether its a jump ball for them because you would have, you know, a business guy coming in for a business guy . If for example they would like him to run obviously. Couple things we should just, little reality check here. Mike bloomberg galvanizes the progressive left. There is no doubt. He is a billionaire. He is a wall street guy. This could help Elizabeth Warren. A lot of Democratic Party leaders including chuck schumer. Last night neil opposite effect. Chuck schumer intimated at a fundraiser. The second thing is bidens people. They have not thrown in the towel just yet, what they tell me, i spoke to several this morning, Mike Bloomberg does not have deep inroads into the Africanamerican Community. Quite the opposite, despite the fact he was a new york city mayor. They say he never had strong relations with various africanamerican leaders and he still doesnt. This primary they believe could be won, Democratic Party through a southern strategy of blacks in the south. Joe biden is positioned to win those, that voting bloc and Mike Bloomberg isnt. So that is what theyre going to hit back. Obviously theyre worried that their guy may not be up to the task. If he does have a good debate, they say if he has a good debate very hard for biden to get in. Neil bloomberg. For bloomberg, if biden has a good debate. One other thing he will put together a coalition of africanamerican politicians. Biden coming next two weeks t will be pretty hard for anybody to match that. That coalition is, is the biggest voting bloc in the Democratic Party. It is bigger than woke white liberals. Neil wish we had more time. Well grab you back in the second hour. The notion it is about who has delegates on the first ballot. The math stands now, nobody captures on the first ballot. Right. Neil if that is a case there might be a method to bloomberg. No doubt. He has, look at it this way, he is, let me get this right, he is five times richer than trump pretends to be. Trump has said 10 billion net worth. He is not, okay . Neil we dont know that for sure. I will bet my hand that he is not. Neil i will take that bet, raise your other hand. I want to see his tax returns first. Neil okay. Mike bloomberg is liquid at 50 billion, liquid. He is really look quid at 20 billion. From what i understand he has that in treasury bonds. Fight that. That is hard. Neil mice commercials. Three times elected mayor of new york city. Thank you very, very much. President trump is sizing up Michael Bloombergs white house chances and he is not impressed. Little michael will fail. He will spend a lot of money. He has some really big issues. He has got some personal problems and he has a lot of other problems but i know Michael Bloomberg fairly well, not too well, well enough, he will not do very well. If he did i would be happy. There is nobody i would rather run against than little michael. Neil apparently well, not too well, well enough but the president already making it clear with comment like little michael he is ready to do battle with the multibillionaire if need be. Mcclatchy correspondent, francesca chambers. Where is this going . President said he would rather run against nobody else like Michael Bloomberg. He would love to run against Bernie Sanders or Elizabeth Warren to push argument of socialism or not someone like Mike Bloomberg or joe biden as easily. Well see how the president feels in a few months if Michael Bloomberg gets in. We dont know if that will happen. Neil raises issues about former new york mayor without going into detail about them. Obviously he has got a file on the guy. He is ready to use it, as he has effectively in the past against republican opponents and Hillary Clinton. He is a shrewd campaigner. Trying to plant seeds of doubt in the American Public. Is he worried about him . You dont want to do that too early, neither, either . He is not in yet. You wait to see if he gets and unload your Opposition Research on him. President may not even have to do that. Democrats who been in states like iowa and been in states like new hampshire, they have been on the ground been doing the work listening to voters. They believe like andrew yang, he said this today, Michael Bloomberg wont be able to catch up. There is a more imminent deadline, neil. Which talked about the filing deadlines earlier. New hampshire, next friday, november 15th. He will have to make a decision quick. Neil lets say he is doing all this. This was sort of, telegraphed because he had to get the paperwork in for alabama, which is one of the earlier states you have to file for it is on super tuesday, sometime after iowa and new hampshire. But he is, he is just sort of making sure he has everything in case he does run. Invariably hear from people, francesca. Dont think he will run. Bloomberg always teases this, backs away from this. How likely is that . Is that what progressives certainly in the party are hoping . More likely than someone like Hillary Clinton at this point who teased a run couple times who has not filed any paperwork in those states. He is taking steps to leave the door open in case joe biden fails as a candidate or Pete Buttigieg doesnt pick up the middle ground or Amy Klobuchar. Leaving the door open is lot more than he was doing before by filing paperwork. Neil quickly, number of wall streeters, they are not red or blue. They are green. They love money. They dont care whether it is a democrat or republican as long as causes they espouse are good for the markets. That is why they liked bill clinton and like this president. They like bloomberg. They like the combination in the city, his own business acumen. Net worth north of 50 billion as charlie gasparino. He is successful at it. A fiscal conservative, a social liberal, they can deal with that i dont know if that side of him is appreciated enough, wall street might welcome his candidacy . Appreciative to whom . Within the Democratic Party at this point there is a big split oaf this issue. Bernie sanders and Elizabeth Warren raised money from small dollar donors. Meanwhile joe biden is raising from big dollar donors but hasnt been raising that much comparatively. Only 15 million in the last quarter. Neil is there concern in the party, a lot of candidates, frontrunners like Elizabeth Warren are too progressive. Neil right and they will hurt the partys chances anyway . Why someone like Michael Bloomberg thinks he can get in the race at this point. Joe bidens numbers are flagging. Buttigieg is increasing numbers. Nationally, he and Amy Klobuchar are still, theyre in the middle, theyre not up with that Bernie Sanders, Elizabeth Warren level. Maybe Michael Bloomberg says i see room for me in this race. Neil well see. Thank you, francesca. Thanks, neil. Neil president arriving in georgia for a fundraiser. He is trying to court africanamerican voters. Steve harrigan follows this closely. He joins us right now. Reporter neil in a few hours time we expect the president here at a new voter outreach, black voices for trump. The room holds 350 people. Theyre doing sound checks right now. The president touting record low unemployment numbers for black americans. Some a africanamerican conservatives say such a visit is long overdue. When donald trump want to talk to veterans he goes to veterans. Christians, he goes to christians. Women, he goes to women. So he want to talk to black americans. So he is coming to us. So i dont think it is fake. I dont think it is phony. Reporter georgia democrats held some counterprograming this morning, holding a press conference, listing the ways they say President Trumps agenda has hurt the black community. Today donald trump bringing his backwards agenda to georgia to pretend like his actions have not been a disaster for the black community and marginalized communities across the entire country. In georgia we know better. Donald Trump Administration made an allout assault on people of color. Reporter getting more africanamerican votes for republicans in georgia could be a challenge. In the last governors election in 2018, 94 of africanamericans here voted democrat. Neil, back to you. Neil thank you very much, steve harrigan. Whatever you feel about the president , like him or dislike him, for the Africanamerican Community right now, dealing with record low unemployment levels, history historically record how unemployment levels. The president will remind them that as he lands in georgia. Well have more after this. Sometimes your small screen is your big screen. And with the Xfinity Stream app, which is free with your service, you can take a spin through on demand shows, or stream live tv. Download your dvrd shows and movies on the fly. Even record from right where you are. Whether youre travelling around the country or around the house, keep what you watch with you. Download the Xfinity Stream app and watch all the shows you love. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Neil all right. The president has arrived in marietta, georgia. He will talk up advancements under his administration, particularly for minorities and africanamericans. He sort of gets a split read from the communities. The fact of the matter is he will certainly pound that. He has been very good for them. Record low unemployment levels for latino americans, africanamericans, for women, you name it. On that something he wants to constantly pound to make them away, as he was saying in his first race for president , what the hell have you got to lose . That is a theme he will pound relentlessly. Meantime stocks are dropping after the president cast some doubts on tariff roadblock. Is it happening, is it not happening . Will he lift them as chinese say he will . Blake burman following all of that at white house. Reporter neil, we said all this related to tariffs was mapped out. We heard the president today he seemed to potentially shut the door on potential roll back of tariffs. We heard him a little while ago on the south lawn. Chinese sources told us they wanted altiris rolled back in phases. We heard from larry kudlow said publicly on the record, if there was phase one trade deal there would be some concession of tariffs so it is still a bit up in the air exactly when it comes to potentially roll back tariffs how it all might work out in a trade deal with china. The president a little while ago, made it clear he does not want to see a complete pullback. Listen. Think would like a roll back. China would like a complete roll back. They know i would not do it. Were getting along very well with china. They frankly want to make a deal a lot more than i do. Im happy right now. Were taking in billions of dollars. Im very happy. China would like to make a deal much more than i would. Reporter u. S. , chinese negotiators are working to hammer out a phase one deal. President trump and president xi were supposed to meet in chile. Asked earlier this morning if he would end up meeting with xi this year, meaning this month or next month. The president would not commit to a time frame. Well see what happens. Were getting along very well. They want to make a deal far more than i do. Reporter so the president also said, neil he would like to have a signing, a phase one signing either in iowa or in farm country. Also adding that that signing would take place somewhere in the u. S. A reminder neil, as it stands right now, no date, time frame for a date. The president now today noncommit when the two can meet. There is issue of tariffs. That is not a small issue, neil. That is a big one. That is probably why you see market not taking too kindly what was said out on the south lawn this morning. Neil what is the president s view on tariffs . Is he going to lift them or not . I couldnt figure it out. Reporter remember he is a tariff man, right . That was the tweet he had sent out. Folks i see in the white house constantly remind couple things. One at the end of the day this is the president s decision. At two this is someone believes from tariffs, from him, but, you know, he mentioned not having a complete roll back but again, neil, china talking about phases. We know there is a phase one deal. The president acknowledged that there is phases, potential tariffs come december 15th, if there is not a deal but the u. S. Would roll those off. If there is a deal. What about the tariffs that have already gone into place . Its a whole lot of questions, neil. And as i often remind this is a big, complicated deal with lots of puzzle pieces to it. Today we got one piece of it but there is still so much more out there, neil. Neil youre right about that. Blake burman at the white house. If any of that changes, blake is the goto guy for an update. Scott sanbourne says consumers have not felt direct impact of trade tensions just yet but they may if this drags on. It is interesting, scott, to your point, whether matter of chinese tee valuing currency or devaluing currency or sucking it up not to pass it on to consumers, consumers foot the bill regardless. When does the impact hit home or has it . Right now where the tariffs are hitting not directly on the majority of the consumer goods and consumers right now are feeling pretty good. Confidence is high. Of wages are increasing for the first time in a long time. Unemployment is low. So theyre continuing to be a real source of strength for the economy overall. Neil so, the president , dangling this possibility that you know, the tariffs wont be lifted right away, is that to scare chinese into still more concessions. S. How would you look at it . Hard to get insight into the president s negotiating strategy. The markets on the other side are anxious. Seeing a lot of reaction in the Public Markets where will this go, how long will it take, what are the implications for u. S. Businesses. Neil you know it is remarkable the economy held up as well as it has throughout all of this. Makes you wonder if we didnt have the back and forth where we would be, what do you think . I think we would be further ahead but i agree with your assessment. I go back to what i said earlier is the real source of strength in the economy continues to be the u. S. Consumer. That is where youre seeing spending. That is driving growth were getting. Neil scott, thank you very much. Watch it closely. Scott sanbourne following all of this. Mickey making a whole lot of money. Disney is a dows biggest gainer. We would be down a lot more without disney. The real test what it wants to do right now, get over movies and theme parks. To almost make them moot points. Really . After this. Most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. Virtualize their operations. woman and build ai customer experiences. We also keep them ready for the next big opportunity. Like 5g. Almost all the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Hthousands of optionss nationwide from National Insurance companies. Dont miss the deadline. There are only days remaining in open enrollment. Funny thing about Health Insurance, you dont think about how much you need it until you need it. Hes not going to be okay. 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As well as lg and samsung. It will be around disney plus, launching on november 12th. Investing a lot of money into the platform. Some are saying could this bob iger, ceo of disney. He has been ceo of 15 years. Could this be a huge risk for him. Or part of the future legacy. If were talking about a certain segment, disney has four major segments, direct to consumer that focuses on streaming, they saw losses of 740 million. Double the amount compared to last year. Theyre expecting further losses going forward. For viewers and future investors is this seen as an investment. Well let you decide. Going forward the company said losses are due to consolidating hulu which is comcast. The fact theyre investing heavily in disney plus. They launched it in the netherlands back in september. Third but not least, espn plus, a sports streaming platform, has been doing quite well, especially once legalized Online Gaming came into play across the United States in certain states. On the screen, look at all options out there. Competition is great. It means better prices for us. Disney plus launching seven bucks. Apple tv for five dollars. 4. 99 a month but what does bob iger say . He is not worried about the competition even though disney plus is not expected to turn a profit until 2024. The viewers that are watching, investors, this leave as question for you, are you going to make the switch . Are you going to sign up. On average according to research, american subscribers have 3. 4 streaming site on their computer or personal devices. I know myself personally. I have three on my phone alone. With disney, the long question well have, well probably not see it for a few years, will they gain the subscriber growth, steal it away from likes of netflix . Nonetheless, disney has been around forever. It has many different revenue streams. This could be a positive play. We know wall street is still very bullish on the company. Neil. Neil like you said, kristina. Talk about an instant library. They have a lot of stuff. 101 dalmatians did well in the netherlands and marvel and star wars. See how it works in the United States. Neil if it works for cruella deville, well see how it works in the United States. That is a little dalmations humor. President is getting off the plane in georgia. He will let wall street know im more than a wall street candidate. Im every man and woman candidate, particularly for minorities. Who tend to sniff at my possibilities, i will prove to them. I am their answer. Not any of the other democrats. After this. Peyton, what are we doing here . Brad, welcome to peytonville. Whats this for . Song inspiration. I started in my garage, but nationwide protects so much i had to expand. Nationwide helps protect everything you see in here, brad. Every family, every business, every dream. See mrs. Hoffman . Nationwide protects her home and car, but also her dream of retiring to become a yoga instructor. Oh, they have backstories. Of course they do. Here, i got more to show you. Keep up, now. A little hustle. the enchanted disney fine jewelry collection. With exclusive bridal styles at zales, the diamond store. Mornings were made for Better Things than Rheumatoid Arthritis or Psoriatic Arthritis. When considering another treatment, ask about xeljanz xr, a oncedaily pill for adults with moderate to severe Rheumatoid Arthritis or active Psoriatic Arthritis for whom methotrexate did not work well enough. It can reduce pain, swelling, and significantly improve physical function. Xeljanz can lower your ability to fight infections like tb; dont start xeljanz if you have an infection. Taking a higher than recommended dose of xeljanz for ra can increase risk of death. Serious, sometimes fatal infections, cancers including lymphoma, and blood clots have happened. As have tears in the stomach or intestines, serious allergic reactions, and changes in lab results. Tell your doctor if youve been somewhere fungal infections are common, or if youve had tb, hepatitis b or c, or are prone to infections. Dont let another morning go by without asking your doctor about xeljanz xr. Neil Bernie Sanders releasing sweeping immigration plan. A policy per week out of prominent candidates to keep attention on themselves. Kristin fisher, what exactly the senator is calling for here. Kristen . Reporter this plan puts Bernie Sanders at the far left of the immigration debate among 2020 contenders. Here is exactly what he is proposing to do. He wants to propose moratorium, deportations, breakup Immigration Enforcement agencies, i. C. E. , immigration and Customs Enforcement and cbp, Customs Border protection. He wants to grant welfare access to Illegal Immigrants and welcome 50,000 climate migrants his first year in the white house. In a statement, quote, sanders says when im in White House Well stop hatred to brothers an sisters, stop locking children in cages. We will indthe i. C. E. Raids and at that are terrorizeing our communities and on my first days as president i will use my executive power to protection our immigrant community and reverse every single horrific action by President Trump instead of protecting is the senseness honors immigrants who abides by the laws, president sanders introduced a plan for people that violate the law and make United States a safe haven for traffickers and terrorists. The sanders plan would end the president s socalled travel ban and policy of making migrants wait in mexico while the asylum claims make their way through the courts. So, neil, if Bernie Sanders does win the democratic nomination and does become president , this really would be a full reversal of President Trumps entire immigration agenda. Neil . Neil kristen, thank you very, very much. Meantime yet another transcript is out ahead of next week. The open hearings, this one involves a former trump russian advisor fiona hill. Remember she was in the camp of individuals who said that there was something that didnt quite jibe with the president of the United States calling his counterpart in ukraine and holding out the pressure. She said the pressure of a titfortat or a quid pro quo, whatever you want to call it in order to get dirt or information on joe biden and his son hunter biden and hold ordaining gel military aid, about 400 million worth to get just that. Now, that is in eye of beholder whether that is impeachable offense. Republicans lately are telling me no. Lets get the read where all of this is going, harold ford, jr. , tennessee congressman. Former Morgan Stanley honcho as well. Congressman, this is yet another transcript of details well get as people read through it. Somebody says that made her feel uncomfortable. Others echoed something similar but not you have in to move the needle. Republicans say not enough to impeach him. Democrats say more than enough to impeach him, the general public isnt moving the needle. Where do you see this going . Hearings start next week. The country will have a chance firsthand to hear from witnesses, measure them, measure their credibility from their appearance. Measure credibility from their voice. Understand better from crossexamination from republicans appeared to be opposed thed in house. I dont think this lasts before Speaker Pelosi makes a decision whether or not it goes forward with a vote. Members of the congress, moderates, those who won, who flipped districts won from republicans at the end of the day were ones pushed Speaker Pelosi to do this. She has been the real adult among democrats. Let the facts speak, lets not rush to this. If the facts lead in certain direction lets go in that direction. I think hearings will be telling. Neil how long do they go on, hearings themselves. First witnesses wednesday and thursday. Neil right, right. When the first poll is done by this network perhaps some others about where people sit and where people stand in these Battle Ground states you will hear president ial candidates talk about it, maybe even have a new president ial candidate may comment on it all will play in the mix. Im not minority i think just because hearings have started or will start doesnt mean that they are going to impeach him in the house. Nancy pelosi realizes she put majority Democratic House in jeopardy, not to mention the opportunities, the democrats may have to unseat this president come next year. If you dont do this the right way. Neil i hear you. What happens if she does just that, pulls trigger, nothing here to pull a trigger on . There will be those arguing including maybe themselves, dont do that . I will let them sort that out in the house. My only point i dont believe this speaker who i think has been most mature ander cerebral, levelheaded about it, will allow a plan end up in utter embarrassing defeat, could lose the majority. The facts speak for themselves. Im not here to prejudge the facts. I read all the reports, thing knot gotten a lot of attention, pence aide. Neil she made very clear Vice President pence had nothing to do with this very interesting point for her to make. Well hear from people, we heard from mueller, we had a different opinion about some of the things. Even democrats neil mueller thing went away. They started focusing on this ukraine thing. When we heard from director mueller when the mood changed. As we hear, well be able to watch the witnesses to hear the witnesses. Neil you think polls, monmouth one as example this is looking increasingly like a pileon . I think some of the polls suggested people believed the president should be impeached but remove ashould be seriously considered, numbers high 40s, low 50s. Neil not in Battle Ground states. When we hear the people Everyday Americans will have opportunity neil see if anything sticks in the public too, right . I am one of them. I want to see if it sticks as well. Neil what do you think of the bloomberg stuff . He is a welcome entry for a mature adult in the room to talk about numbers, talk about competency, talk about capacity to lead. Neil are you saying Elizabeth Warren and Bernie Sanders arent . I think they are serious what they want to get done but it is unclear they are serious how to go about get it done. One of them could be the nominee. Neil that is what worries them the most. I read that i hope mayor bloomberg and his team will focus and embrace things he is capable of doing. Number one he is competent guy. He is successful in business. He built a business. He employ employs thousands of people. He pays taxes. He shouldnt shy away from those things, criticism of being a billionaire, i would ignore the chattering class. Embrace you are successful. One of the things you want to do is help Community Across the country understand not only how Autonomous Vehicles and Artificial Intelligence and automation and innovation will change the American Workforce over the next five to 10 years. How do we position young people, existing workers, someone like Mike Bloomberg, who hired people. Forefront of technology. He has to do things that made Mike Bloomberg successful. If you get in the race, try to go titfortat with the existing group thats in there youre not going to win. You have to distinguish yourself which he is entirely, entirely capable of doing. Im hopeful that he does. Neil is there room in the party for a moderate like him . I would extend someone like you . There is room in the party for answers. I would encourage neil do you see that reception in the party for people like you, for people like mr. Bloomberg. People are responding to warren and sanders and messages, talking about challenges people are facing but they offered a set of answers terribly expensive. People throwing around the word trillion if it is nothing. He can actually get in the race. I made a lot of money. I employed a lot of people. I paid a lot of taxes. I see where trends are going. Here is what i think we need to do in the white house. I will surround myself with smart people. I would think about a team of rivals approach if they are serious. I would keep calling him mayor, not his first name. I want, mayor bloomberg was a fantastic mayor for this town. Those of us concerned about some of the changes in the city last several years we yearn for some of that leadership. He is not as wellknown around the country as some polling suggestions. I would take the opportunity to go to michigan and wisconsin. Neil he says, michael. He is mayor bloomberg. Here are the things accomplished. Here is some of the things we should do. He is billionaire. He made the money on his own. He earned it. Neil more in your Party Congressman who dont like billionaires . They dont like the fact they think billionaires are getting over on people. They think the civil is rigged. I dont know of any american who doesnt want more than they have. Doesnt want to support their family more and give money to charities and organizations they they are cherish. Neil but they want to but billionaires out of business. If that message resonates and message would win, one would be running far ahead of everybody else in the party. Joe biden still has a lane in the party. Some say this is terrible thing for joe biden. Probably isnt great for joe biden but what it shows to your original question, solving problems, solving problems realistically is still a lane that needs to be filled. I think his entry into the race is good thing for the party. Ultimately a good thing for the country. If he nothing else able to shift the conversation. Neil some colleagues are saying opposite, it could fracture. You think its a Healthy Development . When we have choice on our phones. Choice we order anything in life we want, absolutely have more choice. I think his voice is someone who has been successful in business. Someone successful in politics. He marries the two. It will be interesting to see over the next several weeks if he is able to resonate with voters. Neil well watch it closely. Harold ford, jr. Thanks for having me. Neil zillow is flipping to getting into the home flipping business. That is true. After this. Theres a company thats talked to even more real people than me jd power. 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. Neil all right. Zillow can tell you how much a home costs. How about flipping one youre in, fostering the process . Fbn am cohost Lauren Simonetti with details. Neil, look at zillows stock, it is flipping out because the is flipping homes, sort of this is not like a hgt vtype flip. They find homes to buy, all cash. They paint them. Clean them up, but were not taking major renovations. Sell them as fast as possible for a profit. Zillow ceo rich barton says that will bring in 1. 25 billion. This is about instantaneous for the seller and fees for zillow. The cut they take doing this between 6 and 9 . They have to pay out for underwriters they use, local brokers. So even though the stock is surging today, a look at that, up almost 12 . There are challenges. Analysts dont see a profit for zillow until the year 2024. Zillow reported a loss of almost 65 million last quarter. So zillow started flipping about a year 1 2 ago. They disrupted markets mostly in the sunbelt, think orlando, houston, basically cities people were moving to. They are in minneapolis and denver. Theyre about to hit los angeles. Eventually expanding with 26 markets, comes with a cost, neil, that investors are certainly ignoring today. Back to you. Neil remember good ol days, real estate boom, everyone was doing that making a fortune. Not like that. Maybe were getting there slowly. Neil well watch it. Lauren, thank you very much. This woman works longest day known to man. She is always pleasant. Find that suspicious. Meantime millenials versus boomers, only this time millenials complaining because of the boomers theyre not getting the jobs, after this. Isd by too much of a bad protein, but a Company Develops a way to actually attack it. What drew me to Capital Allocation in Health Sciences was the potential to help many people through investments that help fund medical innovation. My team and i often choose to invest at the very early stages of human trials. Investing lets me use everything ive learned as a doctor to help make a positive impact. So thats why i go beyond the numbers. Here, hello starts with hi mple. How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. Early this morning neil, working on telestrator. Neil whoa. I like to use our telestrator neil mcshane coast to coast . Mcshane coast to coast. Neil it it is not mcshane coast to coast. Looks pretty good. Neil how childish is it. Only a few months after that i was having openheart surgery. Wait, there is more. Watch out boomers. Younger generations want your job. To our generational representatives we got fox business Senior Editor charlie brady, wicked smart, ditto democratic strategist jessica tarlov, after the bell cohost, Connell Mcshane and our own feisty curmudgeon, charlie gasparino. 50, 57 years old. Neil great. Here is what is going on, charlie brady, they say guys like us are standing in the way of them moving up. They are getting tired of it. What are your thoughts. That is a convenient copout. A lot of younger people in the workforce lack, what we call soft skills. Neil or any. Or any skills. Im sitting right here. Hello. Hello. Just gets out of the city, that is good idea. Did want your job, he is capable of doing your job but not capable of it. I told him 30, 40 years from now you will catch up to neil. You will be able to do it. That clip was 3 1 2 years ago. Neil youre still here. Why should we . There has to be a jockstrap reference here. There wasnt until you unfortunately made it. Here is the thing. Come to get my job. Break more stories than me. Youre not. It is no happening. Test. Very nervous to me. Neil for younger people, there are a lot of reasons. They feel limited they cant advance, a lot of people not leaving the workforce. Shouldnt the issue should be on expanding the workforce . It should be on expanding the workforce, weve seen with people staying in the jobs for longer the opportunity for younger people, genzs older in the workforce, millenials, my generation are neil youre a millenial . What did you think i was . Neil i thought younger. Gen z, im in college popped over here. Is lydia gen z, my producer. You know were on the air . In perceptions of scared of millenials. Neil can she finish . Im still freaked out by genzers. Like he doesnt know. He is on tv. As i was saying it is real and there is a lot of mocking gone on for a long time from boomers and older genxers in the workplace. We dont like to show up. We cant meet dead inches loo. We want to be coddled all of that. What millenials are saying. Neil he didnt say you want to be coddled. Sort of. Dont touch me but be real clear. I think there are two types of millenials. There are the sort of woke, you know, pampered types that go to college and take fine arts and have million, gazillion dollars in Student Loans and they cant pay it back. Theyre not that good. Then you have got the others. The kids that go into the military. Theyre brilliant and smart. I meet them a little bit unfair to tar, they fight our wars. Theyre brilliant, smart, hard workers. Neil youre afraid of all the nasty emails. I think it is, the coddled, College Educated millenial types. Neil connell, what do you think . Depends, to be serious on the industry, if youre talking about this argument. If youre in the teaching profession, for example, youre kind of a young, upandcomer, go getter, somebody has tenure you cant push them out. I get that argument. Also, Manufacturing Business that we visited the other day outside of detroit in macomb county, the average age on the floor is mid 50s. The next 10 years his problem is the opposite. He will have the people retiring he figures. In the industry you will not work until youre 80 years old. He has a tough time finding people to replace them. Not like theyre pushing them out. He is trying to find people. The other issue, boomers, people live longer boomers are staying in shape, right . There are more boomers watching boomers on tv. Listen, most boomers like to watch other boomers. I think there is that is what i argued contract negotiations. Neil a lot of boomers love watching jessica. They are very patient with charlie, right. Connell is right about this being a per industry issue but generational divide is important for a whole host of reasons. It is huge issue in politics. Were seeing this in the democratic primary playing out. Candidates are favorites of boomers. Neil your candidates are older than me combined. Way theyre running campaigns. The kinds of policies putting forward. You know Bernie Sanders has hair coming out of his ears . Neil more after this. With value like this, there are zero reasons to invest anywhere else. Fidelity. As a principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . My poster. Today, there are more than a hundred thousand ptech students around the world. 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The call is free and theres no obligation. You know medicare wont cover all your medical costs, so call now and see why a Medicare Supplement plan from a company like humana, just might be the answer. Neil all right. Gasparino still shouting at people get off my lawn. No one is even on the lawn. Meanwhile, billionaires are almost as ticked off as charlie is right now, but another made be running right now, right into the president ial race. To address it headon. The former mayor of new york city, Michael Bloomberg, making moves to enter the 2020 democratic field and apparently, hes got a s. W. A. T. Team to make sure hes doing everything just right. Hillary vaughn has the latest. Hey, hillary. Reporter well, if the president had his pick, he would pick bloomberg to run against in 2020. The president reacting to the news that the former mayor of new york and a fellow billionaire, Michael Bloomberg, is thinking seriously about getting into the race. Michael bloomberg for a long time. If you go back early on, he said a lot of great things about trump but i know michael. He became just a nothing. He was really a nothing. Hes not going to do well but i think hes going to hurt biden, actually, but he doesnt have the magic to do well. Little michael will fail. Heel spaell spend a lot of mon. Hes got some really big issues. Reporter progressives Elizabeth Warren and Bernie Sanders, who have made billionaires the focus of their campaign and also the source to fund their policies, are not welcoming one into the field but they are fundraising off of it. Bernie Sanders Campaign firing off a plea for more cash, telling supporters quote, why is this happening . Its because Mike Bloomberg and his friends in the financial elite are scared and they should be. Elizabeth warren accusing bloomberg of trying to make up for lost time on the campaign trail by buying the election. [ inaudible ] thats not what a democracy is about. We need to be a country that doesnt just work [ inaudible ]. Reporter longtime adviser to bloomberg Harold Wolfson explaining his thinking about jumping into the race. The way he describes it, bloomberg doesnt see the current field as the ability doesnt see that the current field is able to beat trump so hes thinking about getting in it. So in his thinking, he thinks he may need a billionaire to beat a billionaire. Neil . Neil is this a great country or what . Any billionaire can run for president. Thats impressive. Hillary, thank you very, very much. What makes Mike Bloomberg a little different than some other billionaires of late, hes making good on it and apparently, considering a run for the white house while other billionaires are complaining about some of the others who are targeting them in their run for the white house. Take a look. Is this a capitalism failing, a government not taxing guys like you enough . What . If youre going to take away the benefits of getting rich, youre going to destroy capitalism. Neil what do you make of that, what bernies trying to do, Elizabeth Warren, versions of these wealth taxes . Theres a finite amount of money they can collect but whats most important is it single payer, is it paying off medical debt, paying off Student Loans, Long Term Care . You cant pay for all of it. Neil those were descendents of family empires, abigail disney, you know all these people, they say tax us more. What do you think of that . Well, they trust the government more than i do. My Foundation Actually has given away over 2 billion. I would rather give it away than have some congressman give it away. Havei have no problem payinge taxes provided its used to redeem the futures of the young people today. Whats bernie doing getting Social Security . He shouldnt get a check. Fix it. Make that happen. Neil we did want to show keeping it all in the family. This is a big news week when we had the likes of bill gates saying i guess i could go from paying 10 billion in taxes to 20 billion. Hes okay to doubling taxes but when he started crunching the numbers and hearing it might get to 100 billion on Elizabeth Warren, thats when he drew the line. We have Edward Lawrence on all this, edward stringer and last but not least, Fox News Contributor emily campagna. Emily, there is obviously something in the water where billionaires are feeling like whoa, ease up. What do you think . Yes. I think theres something in the water, to inevitable shark that would be Elizabeth Warren coming for them. I think its not surprising to see bloomberg jump into the race. Heres why. I think its a strong biden was his competitor at that moment he wouldnt stand a chance but we are seeing biden totally weakened and at the same time, with Elizabeth Warren rise and also, mayor pete. For these states like iowa and new hampshire, where we have seen a tremendous loss for biden, decrease in the polls, regardless of the national aggregate, i think democrats are shaking in their boots with what might happen after the primary. I think a bloomberg, hes the creative, you know, counteroption to steyer. He talked about the shared economy, enlisting airbnb and uber and voting in the polls. The bottom line is the moderate democrats need a viable solution that wouldnt be as left as Elizabeth Warren and will account for the fact that she is the one that has the funding and same with mayor pete and Bernie Sanders. That biden will not be able to maintain to play ball after the primary. Neil edward, one of the things that obviously ruffle these billionaires is that somehow they are rich because of illgotten gains or have done something crooked. People ignore the good they do, et cetera, et cetera, and this is a sure way to fail. They say you are not only ticking off billionaires, you are ticking off the success story. What do you think . The premise of a lot of these people is if youre rich, youre a bad guy, you have gotten money at the expense of the public. Its going against the american way, where people are working for the public. People are working to make money for the consumer and the rich people are actually getting pillaged here. Its like stop doing what youre doing. I think its really alarming to a lot of people. I would be alarmed if i was a billionaire. But even the average person neil youre not . You know, Edward Lawrence, to this point, one of the things thats come up again is leave it to berniened sanders to use th attack line against Elizabeth Warren, she said shes a capitalist. Thats become a dirty word. Thats resonating i guess with the Democratic Base but can it resonate in a general election . What do you think . You know, well have to see. On the democratic side, the candidates on the democratic side always go far left to get the base, then try to come back to the middle. The question is, can these Senate Democrats if this is one of the choices come back to the middle after that election, that Elizabeth Warren is pretty far to the left with the wealth taxes and some of the things shes brought out. It does leave room as emily said for another candidate, somebody to come in like a billionaire like Michael Bloomberg or someone maybe we havent seen yet to come in and sort of take that moderate base away, be able to get those democrats on the left as well as get the democrats on the right, because joe biden has shown what he tried, what, twice, this would be the third time hes tried to be the democratic nominee. Hes had some difficulty in the past and doesnt seem neil apparently to your earlier point, there is concern that biden is imploding but this happens the same day we are learning the president is talking to minority groups, trying to talk about something he espoused in 2016, telling africanamericans what the hell have you got to lose, look at what ive delivered, record low unemployment levels for you, for women, for minorities, for latinos, for every key demographic. They have never seen jobs booming like this, ever. And hes the guy who says take a chance on me then. Right. To tie that in with your point, i think thats the huge deficit for bloomberg, is that he has absolutely no appeal and no reach with that really crucial minority voter bloc that up until now biden has command over. Then responding directly to what youre saying, yes, i think whats fascinating to me and what according to the administration what they are deploying right now is essentially an education of sorts and that explaining to everyone that look how good you have it under me and this hasnt been the case and heres why, heres the data points, and apparently, deploying a type of digital based campaign that will be fascinating to see because as we know that bloc is crucial. Up until now the president has not maintained his support in the way we would need if we need numbers. Remains to be seen if that deploying effort on his bee hha works. The Unemployment Rate is 5. 9 , record low right now. It will be interesting to see through the polls which voters show up. Do those voters who didnt vote for him, who sort of stayed away from the polls in m some of tho states like wisconsin and michigan come to the polls then voting for trump or do they go back and vote democrat. Neil im wondering, too, when you look at it for the economy, the president is saying look at how good you have it, everyone, look at whats changed under my leadership here. Hes still facing a hell of a battle here. Given that economy, given the progress hes made, why isnt he up ten points in the polls . Well, theres been tremendous progress, deregulation, especially the financial sector, i think, has unleashed the markets a lot. Weve got tax cuts. Neil talking about the markets relate to average folks . Well, we do basically have record low Unemployment Rates. People are getting Job Opportunities more than in the past, so i do think that that really, you know, its the economy that drives a lot of whats going on, and i think thats really going to be leading to the success of neil lets see about that. One of the things i thought was crafty on the president s part or his campaigns part during the world series, one ad that talked about paraphrasing, not perfect but better. Say what you will of donald trump, whether you like his tweeting or his personal style or any of this other stuff, hes delivered the goods, hes better than a lot of these alternatives. So turn up your nose, you might on some of his personal issues, you cant turn up your nose on what hes delivered. And that seems to be his strategy. Is that effective . Because it hasnt been in some of these states that have had special elections and whathave you since hes been elected. What do you think . Its interesting, thats actually a common strategy that we use as attorneys in trial, right, where basically saying look, you may not like this person but he hasnt done what you, what prosecutors say that he has. Its essentially acknowledging the deficits, acknowledging the weaknesses of that individual while also saying but you cant not acknowledge the positives. A few polls came out this week interestingly on the former blue wall states that said the focus of those voters there that are crucial to any democratic candidate and certainly the president , is how they feel about decriminalizing boreder efforts, migrants over the border and also health care. It brings it back to the point about what are the Kitchen Table issues that voters care about. Its likely not a lot of these details that we see unfortunately Mainstream Media or interestingly in Mainstream Media, but at the end of the day people care about their wallets, caring for their family and safety and security. Neil Edward Lawrence has been following this closely, there has been a lot of confusion over where we stand with china and the tariff rollback that might not be rolled back. Stay with us. There is no agreement at this time to remove any of the existing tariffs as a condition of the phase one deal and the only person who can make that decision is president donald j. 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Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Neil he got what he wanted. Republican congressman jim jordan appointed to the house scombrenls comm intelligence committee. He wanted to be a stronger voice for republicans against what he calls the rigged process by democrats. There was a lot of back and forth to get that to happen, almost reads like one of these big sports trades. We will detail that in just a second. Meantime, the president is casting a lot of new doubts on the future of tariffs and where they stand. Take a look. Well, theyd like to have a rollback. I havent agreed to anything. China would like to get somewhat of a rollback, not a complete rollback because they know i wont do it. China would like to make a deal much more than i would. Neil Edward Lawrence, where are we on this . Yeah, you know, rollback or not rollback, depends on who you believe. The president there saying hes made no agreement yet to roll back tariffs for the phase one trade deal. The president also saying that he wants to see a phase one trade deal signed in iowa. They are still talking about that signing. My trade sources are saying theyre still moving forward to the end of next week to have it on paper. So those things are good. Will there be tariffs rolled back . Chinese sources are telling us china wants to roll back in phases. As the phases are completed they want those tariffs then rolled back. The chinese trade sources are telling us the u. S. Has offered to roll back only some tariffs but then on the majority of tariffs would remain in place until a full trade deal is finished with china and then roll back on some milestones after. You know, the president here today obviously is saying that he has not agreed on any rollbacks yet. You have white house economic adviser Peter Navarro coming out saying that he hasnt, you know, there is going to be no rollback of tariffs. They just wont impose new tariffs on december 15th but then you have larry kudlow on the other side saying they will roll back tariffs in a phase one deal. So you know, at this moment, it depends on who you believe. Neil what i wonder is as they drag this on for whatever reason, and wall street was pouncing on all right, we got phase one done and its not done, let alone where theyre going to sign off and get it done, leaving tariffs aside, investors can only be patient for so long. Its like every economist i know, were like why, why do we have these tariffs, we cant do this. The fact that they were talking about eliminating or reducing rolling back these tariffs led to a lot of optimism among some of my friends but now they are talking about no, maybe were not going to do that. I think this is tremendously costly towards businesses. Businesses and American Consumers actually have to pay for the cost of these tariffs. They are basically taxes on american businesses. And if they were to eliminate them, i think that would be a cause for hope among american corporations, but now they are not even going that direction. Im curious if the uncertainty is holding back the potential of the economy. Is it . Oh, sure, yeah, its disrupting supply chains, its disrupting all of the ingredients of american corporations that are coming from around the world and its not just china. Its mexico, all these companies that have to buy goods from other countries. Thats hurting neil they have to sign off on that. Youre the lawyer here. Im wondering, apparently thats not a profession, no offense to you, that admires china. They dont stick or they dont like the details. Im just saying the problem is getting the chinese to agree to a mechanism to police what edward was talking about, both edwards, actually, the chinese make good on these commitments. Yes. Historically thats been part of whats been an issue with china, right neil they lie. Right . One could argue. Yes. The lawyer. [ speaking simultaneously ] neil they lie. Go ahead. So yes, culturally what we are running up against as well as with this particular president is this sort of hubris and way of doing things that theres a refusal to capitulate and a refusal to lose face in any way. Obviously the numbers are speaking, they have their gdp at a 27year low. They need help. But at the same time, our president cannot afford to lose his face that he has gained during this by capitulating in any way and also by having results that dont resonate with the american people. Its risky to be doing this obviously as we come up against an election year, but if he can stick to those results and have it dwindle down into the details, that will be a lot more effective. Neil hubris, capitulate, very big words. All right. You had a chance to talk to the atlanta fed president. All of this is noise that they are obviously monitoring, right . And nervous about. Trade uncertainty is one of the biggest issues, brexit is another uncertainty they are concerned about. And unleashing that uncertainty, the atlanta fed president believes that if you remove some of that uncertainty it will bring that Business Investment back which has been slow this year going forward. You know, he did say that the fed is probably going to wait and not quite cut rates again this year. I did have an interview, listen to what exactly he said on the subject. Listen. We had three rate cuts this year. Do you feel like this december meeting, we are going to see a pause . So in my view, where we are for policy right now is we should be taking a wait and see attitude just to see how the economy responds to the stimulus accommodation we have introduced into the marketplace. Would you have cut this last time . The last one was difficult. I would have been more comfortable with a hold, a continue to wait and see but we are not super accommodative so the policy stance would have pushed us into overheating. Im comfortable where we are. Jerome powell also making the point, wait and see how the stimulus goes. Raphael postic made the point, he said the gdp was sort of supercharged and we are back to normal level as the push of the monetary stimulus makes its way into the economy. He voted for the rate hikes, four of them, and is not a Voting Member until 2021, but they are all in the room. I asked him about this transition. The debate is there where they all talk and have a voice in whats happening. Neil he ever talk about how the president likes to talk about them . You know what, their comment is not to comment. They dont want to feed the bear, as hes there. So they generally stay away from that. Neil probably a wise move. Thats what a cautious lawyer would do. In the meantime, the Community Devastated by californias wildfires trying to make a comeback one year later. Im part of a community of problem solvers. We make ideas grow. From an everyday solution. To one that can take on a bigger challenge. We are solving problems that improve lives. Neil you know, today marks the oneyear anniversary of californias most devastating wildfire, in the town of paradise. City officials are betting on people returning despite the devastation and concerns of still more. Claudia cowen has the latest. Reporter many of those who have returned have gathered for the opening of a new Recovery Center while 85 american flags line the main drag behind me. Together they form a pretty dramatic memorial to the 85 people who per shalled in the camp fire one year ago. 90 of the city of paradise burned to the ground. Just unimaginable loss. But the resilience, just as incredible as the town literally rises from the ashes, one house, one business at a time. We have over 200 businesses that have reopened in the last year, and before that, i want to say we had maybe close to 2,000. So its not a huge percentage but it does show a commitment and a resiliency for our town. Reporter of the 11,000 homes that were lost, nine have been replaced. May not sound like a lot but it often takes a year to build a house in the best of circumstances, and here they are dealing with cleaning up debris, getting permits and finding contractors. Upgrades in town will eventually include underground power lines and a sewer system they have been trying to get for years. The mayor says the new paradise will be stateoftheart and built to the highest standards to prevent another inferno. Improvements that she believes will fuel the repopulation. I would expect 6,000 or 7,000 people to live here in two years and thats just going to keep growing because everything thats built is brand new. The towns going to be beautiful and other people are going to want to move here. Reporter city leaders say about 4,000 people are living in paradise. Most are living in trailers on their property. Of course that number is way down from the 26,000 who were here before the fire. But Officials Say by the end of the year, they expect 500 homes to be somewhere in the process of being built. A number of events today are commemorating the towns moving forward while also paying respects to those who died. It is a bittersweet anniversary today. Back to you. Neil to put it mildly. Thank you very, very much. Quick peek at the corner of wall and broad. The dow down about 42 points. Again, its the back and forth we have been discussing as to what the president really means on this tariff thing, whether hes going to remove them or not, how soon he might do that, whether he does it in stages if at all. Theres just a lot of confusion. We simply dont know which way he is headed. He is dictating the course of this. More after this. Does your broker offer more than just free trades . Fidelity has zero commissions for online u. S. Equity trades and etfs, plus zero minimums to open a brokerage account. With value like this, there are zero reasons to invest anywhere else. Fidelity. When you rent from national. To invest anywhere else. Its kind of like playing your own version of best ball. Because here, you can choose any car in the aisle, even if its a better car class than the one you reserved. So no matter what, youre guaranteed to have a perfect drive. [laughter] vo go national. Go like a pro. See what i did there . Neil singles day is becoming so big. I didnt even know they had a day for this. They dont have a married day. Anyway, neither here nor there. Its becoming so big, even taylor swift is getting in on it by headlining alibabas big gala. Where is adelle for this, do we know . Anyway, apparently not here doing this. Consumers are set to spend a record 37 million on mondays 24hour Online Shopping extravaganza. Emily, this whole singles thing and using this as the launchpad, it must Say Something about the retail environment, period, that it could command that kind of buzz. Well, yeah. We have seen skyrocketing surge of these share of the market, of the retail market, that is, online. I think to me what this illustrates, too, is the power of persuasion. The power of social media marketing. The power of fear of missing out. Neil thats where all the marketing is. Its not traditional venues. Exactly. Exactly. This is literally a hash tag essentially gone viral on a global scale. I think its interesting to note, too, the United States intertwining with china on that, the fact that its opening with taylor swift. Everyone is getting on board. This is the nba times 50. Obviously the projected sales are supposed to literally be more than thanksgiving, cybermonday and black friday combined. Neil i mentioned adele has been passed over for this but probably because shes married. That makes sense. Also, taylor swift is the poster child for the kind of em bittered single girl i think they trying to elicit. Neil theres a real draw of an audience. What do you make of this, though . Im looking at Consumer Sentiment numbers that look very very strong. You follow that very very closely. Its a big reason why i think you covered the whole china trade thing, we have been absorbing these body blows because the consumer is so strong. It must Say Something about what will be a very strong Holiday Season and beyond, because the consumer has led this dominated this and just, you know, controlled this. This is the first actually i didnt even know about singles day but im going to buy a bottle of scotch for myself today and every day, but its funny, its almost like a celebration of the individual, adam smith, just go buy yourself a gift and have fun with this. Neil says a lot about you that your vice would be the scotch and i would immediately think processed meats and cheeses myself. I can do that, too. Whatever we want. Neil what do you make of this . Its interesting, you look at this globally, we have talked about the Global Economic slowdown and this is going to be a big deal in china, livestreaming has become a part of this in china after you buy the product and thwhatnot but ts could be an indicator to how the christmas or Holiday Shopping season will go in the United States. Neil but online. Online. Online. But each year, the online portion has been growing exponentially and we are seeing sears, you know, closing. Neil kmart, all these stores. Brick and Mortar Stores are going away in favor of that online. That shift is there. This could be a leading indicator to how the holiday sales will be later towards the end of the year. Neil there is a dichotomy between the traditional guys who are Closing Stores left and right, then you have the gap ceo stepping down, addressing slow sales and weak earnings. So there is a split read on this. Yet im always shocked when i read online statistics that its still a fraction of overall retail buying. But i think the trend is whats most important, which is that again, that skyrocketing trend. I think it also illustrates the converging factors as a whole. All of these things play into it. As we have a more activist and galvanized Younger Generation that wants to be green with their purchases, they dont want to purchase on amazon because they dont want to continue to the trucks, the delivery, the waste of fuel. But they are also neil dont they want it delivered to their home . Yes. Thats what im saying. All these converging factors that can kind of conflict. Once you get something, we are going to show it off to our friends. Thats a measure of consumerism. Theres the actual economy that 70 of which is driven by the consumers that are then making these choices that impact everything from retail for brick and mortar to lets support the mom and pop shop to just kidding, lets have it delivered online and purchase online. Neil now they have drones dropping off your drycleaning. Whatever you want. Your scotch. Its really, so adam smith, first famous economist, talked about the invisible hand. You just think of something, then its at your door six hours later, the next day. So it is actually saving the economy a lot of physical space. We dont actually need to drive to the mall. Its there at our door the next day. I think that market, specifically some of these major online retailers, are enabling consumers to get what they want, when we want it, at instant speed. Neil how do some of them buck that trend . I know target has an online presence, certainly we have seen that with walmart. But its the online guys exclusively online guys who seem to be the real beneficiaries. Well, from what i noticed, all of the brick and mortars that were closing and a lot of retail giants we used to consider as mainstays in the Holiday Season and whatnot, part of the reason why they did is their inability to be nimble, to be flexible and account for changing trends and all of a sudden, say okay, we will have a delivery service, an app, a this, a that. Its those that refuse to change, the dinosaurs. Right. You have to adapt or get eaten. Neil why you looking at me . I said us. Think about it. Amazon sold books. Thats what they did. Now look. So you have to adapt, no matter what business youre doing, in order to survive. Neil no one goes out anymore. Im not preaching. But the market is saving us all this time. People used to have to spend the time on saturday going to the store. Now its just like we can consume leisure, we can spend time with our friends, our family. Neil but were not, though. Were glued to our computers, ordering stuff. Thats separate, for sure. But when it works properly, unlike commerce, its saving us time. Now, what are we going to do with that free time . Thats why im a big advocate of scotch. Neil sure. But we need to be figuring out now that we have all this free time, what are we going to do with it. Thats really i think the most important question. I also think we are seeing it here in this city, like theres a lot of empty retail. The irony is the lack of incentivized policies for businesses, we dont have anything going in their place. Its not like a mom and pop can survive with a tax rate, for example, in this city or in a lot of the property issues in seattle, too, like we were discussing earlier. Theres a lot. Neil yeah. Its expensive, the taxes, all the other stuff accompanying it. Thats why people are going to locales like florida and some of these others where its simply a lot easier. All right. Well, if that hasnt depressed you, were not done. The world has gone batty and now batman is getting rapped over his wealth. Are you kidding me . We made usaa insurance for members like martin. An air force veteran made of doing whats right, not whats easy. So when a hailstorm hit, usaa reached out before he could even inspect the damage. Thats how you do it right. Usaa insurance is made just the way martins family needs it with hasslefree claims, he got paid before his neighbor even got started. 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Too much of it, wasted time. Comedian trevor noah calling batman a rich d word. You cant do that. Charles payne can. He joins us right now. Catch you in a weak moment there. What do you make of this, all of a sudden that is in vogue right now, whether its a super hero who has too much money or someone who wants to be the rescue of the Democratic Party. Whats going on here . Charles i dont know what it is. I think its a combination of just jealousy, to be quite frank with you, maybe just different attitudes. Think about this, right. Bruce wayne is a wealthy philanthropist, a playboy, and on the side hes fighting crime. I can see someone saying that about the riddler but not batman. Listen, i agree with you, the one we grew up with on tv, that was the best batman. Maybe its just a ben affleck thing. Maybe everyone is like since he got ahold of the role its never been the same. I still dig batman. In fact, he has no super powers which makes me like him even more. Neil i was just telling the group here, someone was asking, you know, batman, whats your super power. Im rich. I always got a kick out of that line. Right now its really for the soul of the Democratic Party, you think about it here, charles, because Elizabeth Warren just had a chance to respond to Michael Bloomberg potentially dipping his toes in the president ial race. Listen to this. I dont think that big money ought to be able to buy our elections and thats true whether were talking about billionaires or Corporate Executives that fund pacs or big lobbyists. We need a government that works for the people. Neil what do you think of that . I have a feeling its only just begun. Charles i do, too. I got a feeling she rehearsed that a few times. But listen, shes already been positioned for this. Shes already said that this is us versus billionaires, im only accepting money from small donors. Ironically enough, i think this helps her because everyone was jumping on her for the last week over how do you pay for medicare for all. Maybe this changes the story. Maybe this changes the headlines. Maybe this gives her a little bit of oomph and gets her to redirect. Forget about the numbers themselves. Its a bigger picture, us versus them. Neil you know, we have seen bill gates complain about the fact all right, im willing to pay, i guess i pay ten being in taxes, i could consider 20 billion, 100 billion i got to draw the line. You have leon cooperman, the famous billionaire investor saying people lose sight of all the good causes i contribute to and all the good people i have hired over the years. It gets lost in the Democratic Party, and maybe thats the idea, but does it boomerang on them . Charles im not sure. But to your point getting back to batman, youve got to have neil i wasnt getting back to batman. You did. Charles you have to have those special, you know, somethings got to be special about you to build something from scratch. I will never forget the one batman episode, neil, where the riddler was shooting at him and robin with this machine gun and they are behind the batshield and all of a sudden, batman gets up and he starts folding the shield. Robin says what are you doing . He says i counted the bullets. Hes out. You got to be special to be able to count the bullets and know, you know, when the get up and fold the shield. We will see what happens with the Democratic Party but its not the Democratic Party of yesteryear, for sure, where they used to at least appreciate the american dream. Essentially they are saying its over and out. Neil look at the time. Good job, my friend. Hes a super hero in his own right. You dont want to mess with him. You dont want to mess with this guy, either. Kanye west. Hes seriously considering a president ial run. 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Watch the dropped dimes, monster blocks, and showstopping dunks. Plus get instant access to your teams with the power of your voice. Thats simple, easy, awesome. Say Nba League Pass into your voice remote to upgrade for a great low price or go online today. When i run for president in 2024, were going to definitely what you all laughing at . When i run for president in 2024, we would have created so many jobs that i could have run on a walk. Neil kanye in the west wing . See what we did there . Basic cable. Its free, america. Youre welcome. He and other celebrities are considering runs and we do this all the time. Why not, right . Sure. Yeah. Why not. I think he is a very interesting story. I think what hes already said his platform would be is interesting in that its kind of comban a combination of Kitchen Table issues and what young people care about. Hes talking about making his entire fashion line eke conscious, about bringing jobs back to north and south america, talking about diplomatic relations between the two, about how the media has been manipulated to call him out. These are issues that are really interesting and important for us so perhaps he would be this new face of the Republican Party focusing on jobs, yes, but also acknowledging the need to have an ecoconscious approach and mindset in order to move ahead. We cant deny his capital. 610 million combined with his wife. It would shake things up. Neil hes an interesting guy. You think about it, hes pretty comfortable, you know, in his own shoes here and whacking everybody and even taking the broadside hits that he has, defending the president and all, but he zinged the president too on some things. He would clearly be his own man. We live in an age where everyone can realistically consider yeah, running for the white house. Right, and a marketing genius. Clearly he built this empire. I saw that he also was thinking of changing his name to christian genius, i guess forget a big part of his base. Wouldnt that be funny. Hes created a marketing empire that both of them together have, you know, with her, could she be sort of a hillary to a bill clinton . Would that be the way the white house would work . Neil dont rule anything out. Maybe thats a posttrump phenomenon. We had this assumption that the president and politicians know everything about the economy. Well, in many cases, they dont. Its really a popularity contest and its actually becoming more and more clear that its just who can sway the voter and unfortunately, we live in a world where theres no economic test for the politicians. They just come and they want to be popular, they want to hand out free things and say okay, vote for me. Its not about knowledge of the economy and i think its actually kind of a good thing that were getting to this stage where people are saying who are these people, why are these people ruling our lives. And i think American Public is now a little more wise and saying we dont need these rulers, these economic rulers. Neil look at donald trump, he completely reshaped the Republican Party by not doing things that traditional republicans considered in the past. Maybe it could be a lesson to democrats not to follow the traditional predictable doctrine. That, and two of the things that should not be ignored, that sentiment by kanye west he projected on to people of color essentially saying you are not just a voting bloc en masse, you are unique and heres why you can be galvanized for the conservative party, the Republican Party, not the democrats. Thats number one. Secondly, their commitment to criminal justice reform, especially that of his wife. Those two additional things i think you know, may not be the Typical Party we are used to but those are fundamental issues that resonate with voters and are certainly a lot more relevant in this day and age. Neil i just like the way he forces, whether you like him or not or question a lot of what he says and does or not, wellpublished and welladmitted brushes with controversy, he makes you think about why you do what you do. Why do you vote this way as a bloc, why do we always assume this way of these people or this and not to accept the norms. Neil right. And to challenge that. You could be richly rewarded doing that. And he has been. Right. Not to accept the norms. Hes made a career out of going against the grain. And survived on it. Neil yeah. He can charge 1,000 for a pair of sneakers. Incredible. I know. You have to get them on the shelf. Neil i saw the David Letterman thing with him. It was very interesting. Hes a very interesting guy. Undeniably, yeah. North and south together, another kid. Northwest. Neil yeah. All right. Guys, thank you. Terrific job. I want to thank you for keeping us in line. A lot more coming up. The dow down 43 points. Obviously chewing a lot of stuff all at the same time and for right now looking at our fifth straight weekly advance certainly for the s p 500, for the dow it would be three weeks in a row. More after this. Does your broker offer more than just free trades . Fidelity has zero commissions for online u. S. Equity trades and etfs, plus zero minimums to open a brokerage account. With value like this, there are zero reasons to invest anywhere else. Fidelity. There are zero reasons to invest anywhere else. And you know what they isay about curiosity. Itll ruin your house. So get allstate and be better protected from mayhem, like meow. [inaudible]. Neil where were you 30 years ago tomorrow . Tomorrow officially falling of the beryl len wall. On my weekend cavuto live, ambassador to germany, ric grenell. The lessons all thee years since. A look back at a time, years after Ronald Reagan challenged Mikhail Gorbachev to tear down this wall. He did. History has never been the same. That was then. To charles payne. Charles thank you very much. Good afternoon, im charles payne, this is making money. Major industries struggling to stay in positive territory after President Trump says i will not roll back all tariffs. Americans are flocking to movies and flipping homes. Were all over the market. The big theme is, should you buy biten down names like mcdonalds on sale . Look out democrats. Mayor mike bloom berg opening the door to possible election. Is he what the party needs now . Buckling up going to mars. Is it a fantasy. Well ask theoretical